Incomplete list of job loss announcements and shutdowns.
According to some reports, 70% of the jobs ‘created’ in January were minimum wage, temp jobs! The so called increase in wages was a piddly-ass half a percent (0.05%) compared to December!
California: More proof the internet is not recession resistant; San Francisco based Indiegogo admitted it eliminated an undisclosed number of jobs “A few weeks ago…..to invest in growth.” (it used to be that layoffs were not seen as a sign of growth) And San Francisco based Marinello School of Beauty shutting down its 56 schools across the U.S., due to it being caught ripping off the U.S. Department of Education! In Oxnard, after 27 years frozen veggie food maker Coastal Green Vegetable shutting down, 137 jobs lost by March! The owners blamed currency wars, crashing sales and gave out a list of increasing costs; water, regulations, wages and ObamaCare health care. In Malibu, expensive clothier Banana Republic shutting down, the general manager said the high rent is not justified. In Redding, God refuses to stop ‘his’ Simpson University from laying off ten people. Administrators blame The Rapture, I mean crashing enrollment of students which I call Disappearing Students Syndrome.
Delaware: What housing market recovery? Without warning, Too Big to Jail Capital One eliminated more than 1-hundred jobs at its mortgage operations in Wilmington.
Georgia: Fayette County Schools laying off 18 people. Administrators say the layoffs are not connected to the fact the school system is lacking money, but that student enrollment has declined by 1-hundred! God refusing to stop the shutdown of ‘his’ British empire based Salvation Army second hand Family Store in Decatur. But it’s not due to lack of sales, instead the heating system in the building never works so they’re looking for a new location.
Hawaii: In Honolulu, Tsukiji Fish Market and Restaurant shutdown due to the landlord demanding the keys to the store by Monday. The landlord is one of my former evil employers, GGP (General Growth Properties). A rep for the operator of the restaurant said there were three years left on the lease.
Illinois: Sycamore School District 427 says it must eliminate a yet to be determined number of teaching jobs, as part of their three year plan to reduce expenses. Administrators blame “financial constraints and unknown enrollment”. TFC Bank replacing 33 offices with ATM machines. Number of jobs being killed was not disclosed.
Kentucky: Delta Airlines eliminating 120 jobs and reducing hours for another 185 at the Cincinnati/Northern Kentucky International Airport! Administrators claim they “over-hired” in 2015. Alliance Coal warning of another 75 layoffs at several of its mines.
Louisiana: California based Chevron eliminating 385 jobs between April and June! Chevron revealed it is selling off its oil and gas fields in the Gulf of Mexico. While The Empire State of New York bribed Alcoa to stop mass layoffs there, the cash strapped state of Louisiana isn’t so lucky. Alcoa eliminating dozens of jobs at its Lake Charles operations, on top of the 130 job cuts announced back in September!
Michigan: The Bradley Kmart has a new owner who is shutting it down. Retailer Meijer bought the Kmart property for $5-million USD. The Kmart will be shutdown in May, but the new Meijer store won’t be ready until 2018.
Minnesota: Egan based Ovation Brands suddenly shutdown 74 restaurants! Apparently the only warning was given back in August when company administrators warned they were about to begin shutting down ‘underperforming’ restaurants (August is also when Ovation Brands was taken over by Food Management Partners). The shutdown restaurants include Home Town Buffet (three just in the San Francisco area of California), Old Country Buffet, Ryan’s, Fire Mountain and Country Buffet (as opposed to Old Country Buffet?).
New Jersey: New York Life Insurance issued a WARN, 70 people in Lebanon and Parsippany losing their jobs by April.
New York: Despite a massive taxpayer funded bribe to stop the mass layoffs at Alcoa’s Massena operations (as I reported back in November), Alcoa will still layoff 37 unlucky employees by the end of the month.
Oklahoma: Without warning oil exploration company Helmerich & Payne laid off about 40 employees in Tusla.
Ohio: The 28 years old Sears and its Auto Center in New Philadelphia shutting down by mid-April, 46 jobs lost.
Oregon: Perfect example of what I call Ripple Effect Layoffs (REL); in Springfield, after 32 years Thurston Book Exchange shutting down. The owner blames loss of customer traffic on the shutdown of the next door Haggen grocery store (which was caused by Haggen being tricked into buying up hundreds of failing Albertsons grocery stores).
Pennsylvania: In Heidelberg, after 63 years Target Cleaners shutting down. The owners say their business is great, but they need to retire. Customers (including schools and churches) are upset because Target Cleaners is one of the last dry cleaners in the area.
Texas: Houston based natural gas company Ryckman Creek Resources and its sibling company Peregrine Rocky Mountains both chapter 11 bankrupt busted. Operations in Colorado and Wyoming could be affected.
Virginia: Genworth has halted its life insurance operations and as a result 330 employees will become unemployed starting within 60 days of now!
WARN=Worker Adjustment & Retraining Notification
04 February 2016: “…deteriorating beyond repair for…several years.” Layoffs skyrocket 218%!
Former employees who receive severance are not counted as unemployed
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”